United Kingdom GDP Annual Growth Rate 1956-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in the United Kingdom expanded 2.60 percent in the second quarter of 2015 over the same quarter of the previous year, according to the second estimate and matching preliminary figures. GDP Annual Growth Rate in the United Kingdom averaged 2.46 percent from 1956 until 2015, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -5.80 percent in the first quarter of 2009. GDP Annual Growth Rate in the United Kingdom is reported by the Office for National Statistics.

United Kingdom GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.90 9.80 -5.80 1956 - 2015 percent Quarterly
From 1993 to 2007 the United Kingdom has reported an average annual rate of growth of 3.3 percent. Yet, since the recession in 2008 and 2009 the growth has been sluggish and in the last three years averaged meager 0.9 percent. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for - United Kingdom GDP Annual Growth Rate - was last refreshed on Saturday, August 29, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-30 09:30 AM Q1 2.9% 3.4%(R) 2.5% 2.4%
2015-07-28 09:30 AM Q2 2.6% 2.9% 2.6% 2.5%
2015-08-28 09:30 AM Q2 2.6% 2.9% 2.6% 2.6%
2015-09-30 09:30 AM Q2 2.9% 2.6% 2.6%
2015-10-27 09:30 AM Q3 2.37%
2015-11-27 09:30 AM Q3


UK GDP Annual Growth Confirmed at 1-1/2-Year Low


The British economy expanded 2.6 percent year-on-year in the three months to June of 2015, unrevised from the preliminary estimate but slowing for the second straight quarter. It is the lowest performance since the last quarter of 2013 as a surge in exports was not able to offset a slowdown in private and public expenditure.

Year-on-year, both household and government expenditure slowed (up 3.3 percent and 1.9 percent respectively form 3.4 percent and 2.3 percent respectively in the previous period). Gross fixed capital formation surged 4.9 percent but slowed from a 5 percent expansion in the first three months of the year. Business investment increased 5 percent. 

Exports grew at a faster 8.1 percent, following a 3.8 percent gain in the previous period while imports went up 5.9 percent (4.6 percent in Q1).

On a quarterly basis, the economy expanded a seasonally adjusted 0.7 percent, in line with the preliminary estimate, marking the tenth consecutive quarter of growth.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
8/28/2015 11:37:22 AM


Recent Releases

UK GDP Growth at 1-1/2-Year Low
The British economy expanded 2.6 percent year-on-year in the second quarter of 2015, in line with market expectations but slowing from a 2.9 percent rise in the previous period. Yet, it is the lowest expansion since the last three months of 2013, due to a slowdown in services and manufacturing, preliminary estimates showed.
Published on 2015-07-28

UK GDP Advances 2.9% YoY in Q1
The British economy expanded 2.9 percent year-on-year in the first three months of 2015, better than a previous estimate of 2.4 percent.
Published on 2015-06-30

UK GDP Growth Confirmed at 2-Year Low
The British economy expanded 2.4 percent year-on-year in the first three months of 2015, the lowest growth rate since the last quarter of 2013, second estimates released by the Office for National Statistics showed.
Published on 2015-05-28

UK GDP Growth at 2-Year Low
The British economy grew 2.4 percent year-on-year in the first three months of 2015, the lowest in five quarters, dragged down by a fall in mining and construction and a slowdown in services and manufacturing.
Published on 2015-04-28


United Kingdom GDP Last Previous Highest Lowest Unit
GDP 2941.89 2678.17 2963.10 72.33 USD Billion [+]
GDP Growth Rate 0.70 0.40 5.00 -2.70 percent [+]
GDP Annual Growth Rate 2.60 2.90 9.80 -5.80 percent [+]
GDP Constant Prices 436026.00 432995.00 436026.00 102017.00 GBP Million [+]
Gross National Product 444819.00 440734.00 444819.00 4726.00 GBP Million [+]
GDP per capita 40967.70 40199.32 41567.28 13478.88 USD [+]
Gross Fixed Capital Formation 76799.00 76099.00 76799.00 13015.00 GBP Million [+]
GDP per capita PPP 37613.54 36908.06 38164.02 26016.61 USD [+]
GDP From Agriculture 2287.00 2302.00 2419.00 1905.00 GBP Million [+]
GDP From Construction 23874.00 23871.00 24760.00 19100.00 GBP Million [+]
GDP From Manufacturing 37085.00 37211.00 39313.00 33784.00 GBP Million [+]
GDP From Mining 7713.00 7154.00 17596.00 6858.00 GBP Million [+]
GDP From Public Administration 18383.00 18440.00 20920.00 17535.00 GBP Million [+]
GDP From Services 309893.00 307883.00 309893.00 159756.00 GBP Million [+]
GDP From Transport 16179.00 16166.00 17474.00 9503.00 GBP Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -2.60 Jun/15 -1.60 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Jun/15 7.00 14.20 3.80 percent [+]
Euro Area 1.20 Jun/15 1.00 5.00 -5.60 percent [+]
France 1.00 Jun/15 0.82 12.50 -3.95 percent [+]
Germany 1.60 Jun/15 1.20 6.00 -7.90 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.67 Jun/15 4.71 7.16 1.56 percent [+]
Italy 0.50 Jun/15 0.10 10.30 -6.90 percent [+]
Japan 0.70 Jun/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.20 Jun/15 2.50 8.50 -8.10 percent [+]
Netherlands 1.60 Jun/15 2.50 5.80 -4.40 percent [+]
Russia -4.60 Jun/15 -2.20 12.10 -11.20 percent [+]
South Korea 2.20 Jun/15 2.50 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.60 -4.30 percent [+]
Switzerland 1.20 Jun/15 1.20 5.40 -3.60 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.60 Jun/15 2.90 9.80 -5.80 percent [+]
United States 2.70 Jun/15 2.90 13.40 -4.10 percent [+]